India's Economy Lags 16 Years Behind China Due to Slower Reforms and Growth Rate
- India's total economic output today is where China's was in 2007, so India lags behind China by about 16 years
- China started modernizing its economy a decade before India did in the late 1970s
- China also grew at a faster pace than India
- Compounding effects have contributed to the gap between the two countries
- India may require even more time to catch up with China's economic progress